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| China's April FX reserves fall to 5-month low as dollar bounces By Kevin Yao and Fang Cheng. BEIJING, May 7 (Reuters) - China's foreign exchange reserves in April fell more than expected, to a five-month low, as the U.S. dollar rebounded and on growing signs that Chinese regulators are less worried about capital flight. Reserves fell $17.97 billion in April to ...
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| Stocks rise modestly; oil closes above $70 a barrel for first time since 2014 "Geopolitical risk has cooled a little bit and economic data, even if it isn't accelerating as fast as it was a month ago, is still accelerating," said Karyn Cavanaugh, senior markets strategist at Voya Investment Management. "The last couple of days are showing that investors are getting their sea legs back.".
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| Tech and energy companies help lift US stocks in early trade MARKETS OVERSEAS: In Europe, Germany's DAX added 0.9 percent, while the CAC 40 in France rose 0.1 percent. British stock markets were closed for a public holiday. Earlier in Asia, Japan's benchmark Nikkei 225 index dipped less than 0.1 percent. Hong Kong's Hang Seng index rose 0.2 percent.
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